Newroz Telecom had a plan to position Iraq on the global map by building data transfer infrastructure that would have connected the East to the West with a data hub in Baghdad, which would have competed with traditional sub-marine cables going throught the Suez Canal.
Newroz group is a regional telecom group. Allai Newroz Telecom is a shareholding company with local and international investors. Furthermore, Newroz Telecom holds shares in other companies and projects.
According to the Iraqi constitution, Iraqi Kurdistan’s Ministry of Communication has a right to issue numerous licenses.
The role of the private sector in Iraqi Kurdistan is gaining momentum. Since 2005 the KRG changed it’s attitude towards the private sector and now perceives the private sector to be an important part of the economic development of the region.
Kawa A. Junad discusses the future of the Internet in Iraq’s Kurdistan. According to Junad, Kurdistan will become a hub for new technologies and the deployment of 4G LTE will enable further development of ICT.
Kawa A. Junad, CEO of the largest Internet service provider in Iraqi Kurdistan, which boasts 85% market share, argues that Newroz Telecom has been playing a key role in reducing the Internet prices by connecting Kurdistan to Turkey via a fiber optic cable.
Kawa A. Junad, CEO of Newroz Telecom, the leading and largest Internet provider in Iraq’s Kurdistan Newroz Telecom, talks about the Internet development in Kurdistan.
It is a private joint- stock company founded by a number of shareholders representing a group of businessmen and traders in addition to those who are concerned at the level of the Iraqi and regional market having extensive experience in the activation and development of the national economy according to the modern scientific basics, through the adoption of advanced technological knowledge Used in Arab and international banks
American think-tank report, The Heritage Foundation 2013 Index of Economic Freedom rated the Levant at 91st in terms of economic freedoms, out of the 177 countries included in this year’s report.
The government of Kurdistan Region is doing everything necessary to achieve self-sufficiency of the Region within the new federal Iraq. Kurdistan Region is well-known for its investment-friendly law thanks to which the Investment Board of Kurdistan has been so far able to attract more than $22 billion of investments since 2006. Mr. Barzani also stresses the importance of understanding and recognition of the difficulties the Region had to overcome in the past.
